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Given the following information for Spinal Tap Corp., what would be the ending balance in retained earnings: Beginning retained earnings $240,000 Salaries expense $80,300 Revenue
Given the following information for Spinal Tap Corp., what would be the ending balance in retained earnings: Beginning retained earnings $240,000 Salaries expense $80,300 Revenue $225,500 Accounts receivable $13,400 Cash $7,800 Rent expense $26,000 Admin expense $40,000 Bank loan payable $50,000 Dividends $15,000 Common shares $10,000 (do not include the "," or "\$" in your answer.)
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